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7401 Stubbs Bridge Rd, Spotsylvania, VA 22551
3 beds · 3 baths · 2,282 sqft
Absolutely beautiful ranch-style home on a full basement that is partially finished. Home boasts a full front porch for sitting in those rocking chairs with evening coffee. Also has a nice side deck with a connecting walkway to the large 2-car detached garage, double doors with 2 openers. The property consists of 5+ acres (good for horses) and has long road frontage. Need parking for extra vehicles? There is a HUGE 3-car-wide gravel area to park that RV or extra work trucks. Inside is stunning with a cathedral ceiling in the large living and dining area .... seller has added beautiful crown molding. Open area flows into the beautiful kitchen with white cabinets, an island, granite countertops, stainless appliances, with laminate plank flooring. 3 nice-sized bedrooms, primary bath, and hall bath finish the upstairs. The basement has a large family room and a full bath. This 3-year-old beauty was built by top-quality builder Spotsylvania Construction Inc Want to be CLOSE to Lake Anna? The State Park is right around the corner ... so bring that boat.
Source: BRIGHT #VASP2033394
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #VASP2033394
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 620, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
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